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Saudi Q4 GDP shrinks 4.3% y/y, official data show

By Economic Times - 9 months ago
Saudi Arabia's real GDP contracted by 4.3% in Q4 as oil activity plummeted 16.2% due to crude output cuts. Real GDP for 2023 shrank 0.8% with a 9% decrease in oil activity and 4.4% growth in non-oil activity.

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